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Stock impact report

MARA Shares Rise After Bitcoin Miner Strikes AI Data Center Deal [Yahoo! Finance]

STARWOOD PROPERTY TRUST, INC. Starwood Property Trust Inc. (STWD) 
Last starwood property trust, inc. starwood property trust inc. earnings: 2/25 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.starwoodpropertytrust.com
Company Research Source: Yahoo! Finance
Thursday it will team up with Starwood Property Trust to develop AI-focused data centers, sending its shares higher in after-hours trading. Under the agreement, MARA will work with Starwood to convert a portfolio of its U.S. Bitcoin mining sites, excluding those already held in third-party joint ventures, into hyperscale data center campuses, with projects structured on a site-by-site basis. The partnership will allow the two to turn select Bitcoin mining sites into large-scale data centers that could also serve enterprise and AI workloads, transforming “power certainty into capacity certainty," Fred Thiel, chairman and CEO of MARA, said in a statement. MARA closed at $8.45 on Thursday, down 1.4% in the U.S trading session, before inching higher to $9.62 in after-hours, a gain of about 13.9%, according to Google Finance data . Shares reached as high as $9.9 in extended trading, up roughly 16% from the regular-session's close. MARA said the partnership targets sites with low-co Show less Read more
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